National Republican., 1887-09-07
An ACTIVE MARK Er.
Considerable business In the stock Ex-
change-Prices Lower.

chapge-Prices Lower.
NEw YORK, Sept. G.--The stock market
to-day was more active than for severa
weeks, and while great irregularity marked
ibe dealings further progress Was made 10
the downward direction, the market show
ing none Uf the buoyaacy OF last week Tic
late advance, with the high figures or tn
opening offered temptation TO holders b.
realize, which was INDUCED ia TO a larg
extent, and the bears attacked the llsj
vigorously, aided by reports OF rate cutting
In the southwest and speculative failures
on the other side Money worked harder
than usual Of late, and in the absence OF
large lenders rates were bid up TO per
cent. London was buyer Of It's special
ties, Reading being special favorite, but
the pressure Of stock for sale forced the
stock OIL with the remainder OF the market
There was considerable buying on the rc .
ported earnings. The traders quickly got
over to the bear side and by persistent
hammcfing prolonged the decline until late
In the afternoon, aud unfavOrable rumurs
were freely made use OF to depress prices
The Vanderbilt stocks were very well held
throughout, MS well as some Of the specia
ties aud the coalers, but Canada asOutheru ws-
remarkably strong in the late rally aud in
the only stock showing a material net al
vance this evening The first sales were
made at advances over Saturdays final
prices extending to three-fourths per cent.
generally, but Reading was exceptional
with gain OF one and flveeights The
early dealings were very heavy and under
the pressure to sell prices gave way i'm
mediately and the early Improvement was
more than lost In the first half hour Tue
market then became more quiet aud 1uc.
tuattOns became less marked, but the geu-
ersl tendency was downward until | o'clock,
when decided weakness was again shown
and before 2 p. IN. the lowest prices Of thc
day We're reached. There was some i'm.
ptovement after that time but 1t made little
progress until Ofter delivery hour, when on
extensive covering aud renewed buying f,r
the long account material reaction wa
brought about.
Money on call has been active, with no
large lenders, ranging from 0 TO Z, last, loau
at q, and closing offered at 8. Sterling ex-
change is dun and steady. Actual busi-
ness ut 4791 to 4S0 for 90 day bills, aud
is33 10 4Si for demand. Posted rate,
4S1 to 4S5. Government bonds dun an
heavy. State bonds dull and steady.
Treasury balances - Coin, S13i,0SS, ,79b,
currency, $l3,354,795.
The following were tho closing bid ouotl.
tOns
IS, 195ss{; AZ coup, lOs1i Pac. 6s of ,o5, ~.
Dist. Col. 3.6hs, llS "a. 7e, gold sl0I
La. Cons 81; Mo 6s OF 'S7, 1907; N. g. Con
6, 1922; do, Is, +g7l2: Tenn. settlement IS, lO!,
do. De, -lO3 Va. 6s, iS do. consols, X n.
O. 40: Tenn. settlement 3s, 60; Con. Pac.
htsts, ll454; DENY. and X. G.. ilrsts, ~; NJ. X,
and T., 9s; Northern Pac tirsls 1lb3a d.,
seconds, l0il4; Northwestern cons, 1872; ID.
debeniure, los; ST. l.: and san Fran, 1881; s..
Paul con-, 1251S st. l. Chicago, aud Pac hrst,,
us; Southern Pac. lrsts, ll2lg; 7 p: K. q. aud
9gh; Adams Express, 1i5; Alton and 7. "
| 81; do. pfd., 20; Am. Express, 1917; Bos. All
Line. MD, 9s; b. G. and Il. N, 40; Canal,
souhern,. 5S11; Canton, *55 Cen. Pac., 36, 4
Ches. and Ohio, Q; Chicago aud Alton, IA
| do. pfd, l60; q. u. and O., las; Cleve.
land and Col, 55; Con. Coal, %; Del. aud
| Hnd.: l0l; Del. and L., 1924 DENY and R. a.,
| pa: Erie, Sll2 do. pfd., 6gI5; Fort Wayne, 100
| HARLEM, 2l5; fiousion and Texas, 25; III. Cen
l2l kaus. and Texas, 27l4 l., Il. and W., 1s4
Lake Shore, 500; Lvl. and Nash, 81
Nor, Car, 1O3; NJ. and Char, 5j;
Met. IT,, liS: Mich Cen, s7l4; Mo- Pac.
9s14;, Mob. and o., 10; Mar and T., 1881
n. Chat, 79; n. J, Cen, II; Norfolk auU
| Western pfd., 45I Northern Pac., 272s; do pfd
"a; Northwestern, ll55S; do. MD, AbL; n
gId., 1l2I' Ohio aud Miss, 2SIS' do pfd, -
bqrs, 152; Reading, GS25; Eichmond an!
Alcg., s; Richmond and DAN, 100; Rocl
SID, l27; St l. aud San. Fran, 81 4; do pld.
7ll% do. first pfd., liz; st. Paul, si94; do. pii
u9; st 7, and o., AZ; do. pfd +, 100; Tex
Pac., 2S3E Union Pac., 6534: us. X, 70; wao
West. Union, 7SlS; Tenn Coal and Iron, o
Cotton Oil Trust, SO14 Quicksilver, 3; do